Thomson Reuters acquires fraud-fighting company Pondera Solutions
Thomson Reuters has beefed up its fraud and abuse capabilities by acquiring Sacramento-based Pondera Solutions, a leading provider of technology and advanced analytics to combat fraud.
FDIC gives Square conditional permission to open a bank
Square is one step closer to launching its bank in 2021 after the Federal Deposit Insurance Corporation (FDIC) board voted to conditionally approve the FinTech’s application for deposit insurance for its Industrial Loan Company bank charter.
Bank of England cancels 2020 stress test
The Bank of England and Prudential Regulation Authority (PRA) have cancelled the 2020 annual stress tests, as part of a host of measures to help the market cope with COVID-19 (coronavirus).
Robert Bell of 86 400 believes that open banking won’t show any effects for...
If everything goes according to plan, then Australia will introduce open banking in July. The founder of neobank 86 400 cannot wait, but believes the benefits will take some time to manifest.
CFTC warns against coronavirus-related fraud
The Commodity Futures Trading Commission (CFTC) has warned the public to be on alert for frauds seeking to profit from recent market volatility related...
RegTech investment in the UK has grown nearly eight-fold since 2015
RegTech companies in the UK raised over $1.1bn across 144 transactions between 2015 and 2019, with total capital raised growing at a CAGR of...
Financial institutions prioritising customer experience and lowering fraud – study claims
Financial institutions are prioritising customer experiences and fraud reductions as the demand on remote account opening has increased, a study from cybersecurity company OneSpan claims.
How the coronavirus is forcing businesses and governments to rethink their cybersecurity strategies
Cyber criminals are taking advantage of the COVID-19 pandemic. Now companies and governments are urged to take action.
New automated compliance solution launches in the US
AAAtraq is a new US-based FinTech company offering automated compliance identification management system which has launched its operations.
The biggest mistakes financial firms make when collecting data
Getting big data right can help businesses make money and follow the law. So why do financial firms get it wrong?
